Video transcript: Managed Cyber Risk

Transcript

Liz Buckingham: Cyber risk presents an existential threat to business. The effects of security breaches can be devastating - compromising data, disrupting business continuity, and leading to reputational damage and financial losses.

While the need for greater transparency is growing, there has been a lack of established good practice for quantifying and reporting on cyber risk. Until now.

Philippe Korur: PwC has already been recognised by an independent market analyst as the outright leader globally in cyber risk management.

And the heart of PwC’s offering is Managed Cyber Risk: our global strategic cyber risk analytics and orchestration platform, powered by Microsoft.

MCR delivers an easy-to-understand reporting capability. It leverages data, automation and AI for improved precision and transparency. It accelerates the transition to real-time quantified risk decision-making. And MCR means that users can begin reporting in just one month.

Liz: Managed Cyber Risk’s unique features work seamlessly with existing governance, risk, and compliance frameworks. MCR blends threat assessments into cyber risk scoring, making your risk analysis more robust and provides rationale to your risk exposure levels. You can deep dive into specific risk areas with configurable strategic insights.

The detailed risk library maps out all the risks, threats, and controls you need to know about.

You can simulate different risk treatment scenarios to see how changes might reduce your risk and make sure you're investing wisely in control improvements.

Finally, MCR can be connected to your own data sources to deliver an automated and more continuous view of your cyber risk posture.

Philippe: PwC’s Managed Cyber Risk fits seamlessly into your existing systems, making your cyber risk management more intelligent, detailed, and proactive.

MCR is a pivotal shift towards empowering organisations with the tools and insights to address the urgent need for enhanced cyber transparency and governance.